This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Property for sale

Bellegrove Road, Welling, DA16

Under Offer £275,000

Property Description

Key features

  • COMMERCIAL INVESTMENT / 999 YEAR LEASE
  • TENANT HOLDS 15 YEAR LEASE FROM 2014
  • RENTAL INCOME £19,000 PER ANNUM
  • REVIEWS DUE IN 2019 & 2024
  • RETAIL AREA APPROX 1,135 SQ. FT.

Full description

LOCATION:
The subject premises enjoys a prominent position on the very busy Bellegrove Road at the Junction of Hook Lane, Welling High Street, Upper Wickham Lane and Danson Crescent.

The surrounding area is an established retail area and nearby businesses include Boots, a separate Boots opticians, Poundland, Superdrug, Lidels, Morrisions and Tescos supermarkerts, McDonald, KFC, Lloyds, HSBC and many independent and specialists retailers.

Bellegrove Road and Welling High Street in a very busy local thoroughfare, buses frequently pass the door and Welling railway station is within easy walking distance. There is a busy bus stop almost immediately outside the property plus there is a high volume of footfall and passing trade for much of the day. Parking for the premises is along Danson Crescent or in the nearby side roads.

DESCRIPTION: The subject property comprises a ground floor double fronted mid-terraced property which we understand for many years has been configured as an A1 lock up shop.

The business is that of an independent curtain designers who we understand have been trading from this premises since June 2014.

There is residential accommodation arranged over the upper floors in the form of two flats but they are not included in this sale.

ACCOMODATION:

Gross frontage 37'1''
Internal Width (max) 34'1''
Narrowing at rear to 13'9''
Shop Depth 45'11''
Built Depth 52'11''
Sales Area Approx. 1,135 sq. ft.
Rear Store Area Approx. 60 sq. ft.
WC

TERMS:
Our clients recently acquired the freehold of this property and are now offering a new 999 year lease for the ground floor premises.

The FRI sub lease with the commercial tenant commenced on the 16th June 2014 for a term of 15 Years. The passing rental is £19,000 per annum which is subject to reviews in 2019 & 2024.

There is a £4,750 rent deposit held.

RATES:
We understand that the rates are the responsibility of the tenant.




Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
29 November 2016

Map & Street View

Disclaimer - Property reference HUMME_000293. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hummerstone & Hawkins, Welling. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.